Commerce Exam Past Questions and Answers | JAMB, WAEC and NECO

Commerce is a structured system for exchanging goods between buyers and sellers. It involves studying the processes and activities related to buying and selling goods and services, particularly on a large scale.

• Question 1: A term which indicates that share is temporarily suspended is Options:
  A) ex-dividend
  B) cum-dividend
  C) bond
  D) stock
  Show Answer
  The correct answer is A .
• Question 2:

  

  The capital owned is

  Options:
  A) ₦2,740
  B) ₦1,350
  C) ₦1,150
  D) ₦570
  Show Answer
  The correct answer is D .
• Question 3:

  __________ is a source of short term capital?

  Options:
  A) Shares
  B) Overdraft
  C) debenture
  D) leasing
  Show Answer
  The correct answer is B .
• Question 4: One of the reasons why wholesaling must continue is that? Options:
  A) the tax paid by wholesalers on their profit enhances national revenue
  B) by creating artificial scarcity, the wholesaler is enhencing competition
  C) the wholesaler provides technical advice to the retailer
  D) the gap between manufacturers and retailers is reduce byn wholesalers
  Show Answer
  The correct answer is D .
• Question 5: A business whose owners enjoys loan facilities on the basis of personal goodwill is a? Options:
  A) commercial bank
  B) thrift society
  C) co-operative society
  D) community bank
  Show Answer
  The correct answer is B .
• Question 6:

  A person who buys new issues with a view of reselling at a higher price in the near future is referred to as a

  Options:
  A) bear
  B) bull
  C) dealer
  D) stag
  Show Answer
  The correct answer is B .
• Question 7: The document issued by a port authority for goods deposited is a Options:
  A) bill of lading
  B) bill of sight
  C) consular invoice
  D) warehouse warrant
  Show Answer
  The correct answer is D .
• Question 8: One of the functions of the wholesaler is to? Options:
  A) forecast prices
  B) reduce prices of goods
  C) promote sales
  D) analyse sales periodically
  Show Answer
  The correct answer is C .
• Question 9:

  Advertisement which is geared towards a particular audience is

  Options:
  A) direct advertising
  B) indirect advertising
  C) mass advertising
  D) persuasive advertising
  Show Answer
  The correct answer is A .
• Question 10:

  A conter offer is an offer that is

  Options:
  A) different from the original offer
  B) breached
  C) different in terms of acceptance
  D) extended to several people at once
  Show Answer
  The correct answer is A .